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Using natural gas to fuel to fuel up is actually 40% cheaper than regular gasoline.
And the latest data from the Energy Department center shows it so why aren't more trucks and cars switch it to Nat gas I mean after all drivers seemed like it can listen.
You have no idea that you're driving or natural gas just feels like abandoned -- it.
It's a little bit of those that a lot of power as they ride is smooth.
-- -- about the same bubonic for a lot less money.
That -- says -- -- if there were a lot of stations around it would be easy if I can get this in my everyday car.
Without question I would even think about it it's a no -- -- -- -- -- that's.
That's one inmate drawbacks.
And joining me now to seal the company try to make that switch to that -- happened.
Clean energy fuel CEO and do little.
-- joins us I called you.
Littlefield wrongly -- -- -- about that.
Thanks for being with -- Andrew the year that it sounds like a great idea -- company -- a rather generic name I got a -- but it's an awfully good -- early what is the biggest single obstacle to making this happen.
Right so in today you know we're really focused on -- status and there's three million class eight trucks in America okay that's the those -- the -- a -- America's goods.
They use almost 25 to thirty billion gallons of fuel over the years so it's a big market in -- and now we have the engines available.
Cummings is coming to market Volvo is that was the big -- until recently we didn't have the -- back.
We didn't have the heaviest duty engines we've done a lot -- differences in the refuse business.
Today and -- and probably noses but in trash truck market we've been at this a while 60% of all the new -- -- American natural gas.
That's pretty good of those three million -- -- talk about.
What -- right now -- you probably have 54005000.
But we're just now have the right twelve liter engine that America's truckers want this is really the test here.
And next year you begin to see America -- about 2151000.
Heavy duty class eight trucks a year.
-- and so I think Federer for years now you'll see 30% of those are so go to natural gas.
The biggest shift gonna come -- we make this trapeze mover in that -- right com.
In only did newest sales couple couldn't get dark look common retrofitting the millions of trying to help -- -- this'll be a new truck game I think for the most part it's factory warranty game.
Think the -- trucking companies turn these trucks over three and a half to four years so there's a lot of colonel and you can make -- big in impact in him for America by by making the sort of by the -- here here's the way the -- we have today at least you know years ago we start out as there's a environmental fuel and we're still good on -- on the environment.
But today we have economics so a trucker the -- this thing works is our truckers saves a dollar fifty a gallon.
The average African American uses about 20000 gallons in years -- 30000 bucks.
3000 dollars your annual savings that's -- -- -- today the incremental cost on about a 120000.
20000 -- trucks about 30000 dollars 35000 -- natural gas.
So what were able to do by saving them a dollar fifty gallons we give me your payback I think that'll that'll do the trick.
A year payback on the difference -- I -- current -- though right -- I wanna go back into the old stuff and retrofit what roughly is the cost for me to do that and then how -- -- take me to pay it back because -- and cheaper -- -- -- -- -- -- right well in the the -- and and -- -- are not a lot of fine examples of going in and taking a four year old truck and taking apart the engine and the transmission is more complicated than it sounds yeah.
But they retrofit their some people doing a few retro -- retro -- run anywhere between 25 and 40000 also.
Really I think this is a new purchase game -- you're gonna see means for the Greenpeace who -- you look -- the Nat gas I guess they even hate that -- because it's a carbon fuel but that they're they're not gonna save the world with this before only do it to the newest stuff.
Well you know you use a lot of fuel I mean that's that's a lot of fuel for instance the the the three million trucks is that this 2030 billion gallons of fuel.
It's it's very significant I mean.
Boone Pickens often talks about the fact that if you did those three million -- should cut OPEC and half.
By the way the really yeah -- natural -- is there is 23 to 25% better on carbon.
It's really the most significant yeah anti you know if are hardly got -- sparkle Brett.
Right and at look back at -- for the cheaper than gasoline.
Will we ever see the US car -- regular passenger cars move over an -- gaps and at some point we did that what the demand for the Mac can't simply raise the price and -- the spread between Nat gas and gasoline well you know you -- from about moving America's goods from I think it's great for the country right on the cheaper fuel -- in this a lot of fuel.
Now when you go to the passenger car mark you're talking about very big volumes -- -- -- We have 300 million vehicles in America we use -- 175.
Billion gallons of gasoline for them okay three million trucks he's 35 doing council we can make a great impact for the country on an economics.
On the on the vehicles.
Further up the entire country go to Nashville and yet you would move up the price of natural and so that -- -- that event you -- in the event and I tell you right now it's so much -- two dollars and fifty cents a gallon -- got a lot of room -- and a little -- it really disturbing that you have all these figures in your head recited to -- if this doesn't work out you got a job if you intelligent -- thanks for being late today thank you don't affect.
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